[X] ANNUAL REPORT UNDER
SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended October 31, 2012

[ ] TRANSITION
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______________
to ______________

Commission File Number
000-53070

AFH
ACQUISITION IX, Inc.

(Exact name of registrant as specified in its
charter)

Delaware

42-1743424

(State or other jurisdiction
of
incorporation or organization)

(I.R.S. Employer Identification
No.)

9595 Wilshire Blvd., Suite 700, Beverly Hills,
CA 90212

(Address of principal executive offices)

(310) 492-9898

(Registrant’s telephone number, including
area code)

Securities
registered
under
Section
12(b)
of
the
Exchange
Act:

None.

Securities registered under Section 12(g) of
the Exchange Act:

Common Stock, $0.001 par value per share

(Title
of Class)

Check whether the registrant is a well-known seasoned issuer, as
defined in Rule 405 of the Securities Act. Yes [ ] No [X]

Check whether the registrant is not required to file reports pursuant
to Section 13 or 15(d) of the Exchange Act. [ ]

Check whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the registrant
was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ]

Indicate by check mark whether the registrant has submitted electronically
and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule
405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant
was required to submit and post such files).

[X] Yes [ ] No

Check if there is no disclosure of delinquent filers in response
to Item 405 of Regulation S-K (§229.405 of this chapter) contained herein, and no disclosure will be contained, to the best
of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form
10-K or any amendment to this Form 10-K. [ ]

Check whether the registrant is a large accelerated filer, an accelerated
filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated
filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large Accelerated Filer

[ ]

Accelerated Filer

[ ]

Non-accelerated Filer

[ ]

Smaller Reporting Company

[X]

(Do not check if a smaller reporting
company.)

Check whether the issuer is a shell company (as defined in Rule
12b-2 of the Exchange Act). Yes [X] No [ ]

As of April 30, 2012, there were no non-affiliate holders of common
stock of the Company.

APPLICABLE ONLY TO CORPORATE REGISTRANTS

As of January 29, 2013, there were 5,000,000 shares of common stock,
par value $.001, outstanding.

Documents Incorporated by Reference. None.

FORWARD-LOOKING STATEMENTS

Certain statements made in this Annual Report on Form 10-K are
“forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995) regarding
the plans and objectives of management for future operations. Such statements involve known and unknown risks, uncertainties and
other factors that may cause actual results, performance or achievements of AFH ACQUISITION IX, Inc. (the “Company”)
to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
The forward-looking statements included herein are based on current expectations that involve numerous risks and uncertainties.
The Company’s plans and objectives are based, in part, on assumptions involving the continued expansion of business. Assumptions
relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions
and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the
control of the Company. Although the Company believes its assumptions underlying the forward-looking statements are reasonable,
any of the assumptions could prove inaccurate and, therefore, there can be no assurance the forward-looking statements included
in this Report will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements
included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person
that the objectives and plans of the Company will be achieved.

2

PART I

Item 1.

Description
of Business.

AFH
Acquisition IX, Inc. (“we”, “us”, “our”, the “Company”) was incorporated under
the laws of the State of Delaware on October 18, 2007. Since inception, the Company has been engaged in organizational efforts
and obtaining initial financing. The Company was formed as a vehicle to pursue a business combination and has made no efforts
to identify a possible business combination. As a result, the Company has not conducted negotiations or entered into a letter
of intent concerning any target business. The business purpose of the Company is to seek the acquisition of, or merger with, an
existing company. The Company selected October 31 as its fiscal year end.

The
Company, based on proposed business activities, is a “blank check” company. The U.S. Securities and Exchange Commission
(the “SEC”) defines those companies as “any development stage company that is issuing a penny stock, within
the meaning of Section 3 (a)(51) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and that
has no specific business plan or purpose, or has indicated that its business plan is to merge with an unidentified company or
companies.” Under SEC Rule 12b-2 under the Exchange Act, the Company also qualifies as a “shell company,” because
it has no or nominal assets (other than cash) and no or nominal operations. Many states have enacted statutes, rules and regulations
limiting the sale of securities of “blank check” companies in their respective jurisdictions. Management does not
intend to undertake any efforts to cause a market to develop in our securities, either debt or equity, until we have successfully
concluded a business combination. The Company intends to comply with the periodic reporting requirements of the Exchange Act for
so long as it is subject to those requirements.

The Company was organized as a vehicle to investigate
and, if such investigation warrants, acquire a target company or business seeking the perceived advantages of being a publicly
held corporation. The Company’s principal business objective for the next 12 months and beyond such time will be to achieve
long-term growth potential through a combination with a business rather than immediate, short-term earnings. The Company will
not restrict its potential candidate target companies to any specific business, industry or geographical location and, thus, may
acquire any type of business.

The analysis of new business opportunities will
be undertaken by or under the supervision of Amir Farrokh Heshmatpour, the sole officer and director of the Company. As of this
date the Company has not entered into any definitive agreement with any party, nor have there been any specific discussions with
any potential business combination candidate regarding business opportunities for the Company. The Company has unrestricted flexibility
in seeking, analyzing and participating in potential business opportunities. In its efforts to analyze potential acquisition targets,
the Company will consider the following kinds of factors:

(a) Potential for growth, indicated by new technology,
anticipated market expansion or new products;

(b) Competitive position as compared to other
firms of similar size and experience within the industry segment as well as within the industry as a whole;

(c) Strength and diversity of management, either
in place or scheduled for recruitment;

(d) Capital requirements and anticipated availability
of required funds, to be provided by the Company or from operations, through the sale of additional securities, through joint
ventures or similar arrangements or from other sources;

3

(e) The cost of participation by the Company
as compared to the perceived tangible and intangible values and potentials;

(f) The extent to which the business opportunity
can be advanced;

(g) The accessibility of required management
expertise, personnel, raw materials, services, professional assistance and other required items; and

(h) Other relevant factors.

In applying the foregoing criteria, no one of
which will be controlling, management will attempt to analyze all factors and circumstances and make a determination based upon
reasonable investigative measures and available data. Potentially available business opportunities may occur in many different
industries, and at various stages of development, all of which will make the task of comparative investigation and analysis of
such business opportunities extremely difficult and complex. Due to the Company’s limited capital available for investigation,
the Company may not discover or adequately evaluate adverse facts about the opportunity to be acquired.

FORM
OF ACQUISITION

The manner in which the Company participates
in an opportunity will depend upon the nature of the opportunity, the respective needs and desires of the Company and the promoters
of the opportunity, and the relative negotiating strength of the Company and such promoters.

It is likely that the Company will acquire its
participation in a business opportunity through the issuance of common stock or other securities of the Company. Although the
terms of any such transaction cannot be predicted, it should be noted that in certain circumstances the criteria for determining
whether or not an acquisition is a so-called “tax free” reorganization under Section 368(a)(1) of the Internal Revenue
Code of 1986, as amended (the “Code”) depends upon whether the owners of the acquired business own 80% or more of
the voting stock of the surviving entity. If a transaction were structured to take advantage of these provisions rather than other
“tax free” provisions provided under the Code, all prior stockholders would in such circumstances retain 20% or less
of the total issued and outstanding shares of the surviving entity. Under other circumstances, depending upon the relative negotiating
strength of the parties, prior stockholders may retain substantially less than 20% of the total issued and outstanding shares
of the surviving entity. This could result in substantial additional dilution to the equity of those who were stockholders of
the Company prior to such reorganization.

The sole stockholder of the Company will likely
not have control of a majority of the voting securities of the Company following a reorganization transaction. As part of such
a transaction, the Company’s sole director may resign and one or more new directors may be appointed without any vote by
stockholders.

In the case of an acquisition, the transaction
may be accomplished upon the sole determination of management without any vote or approval by stockholders. In the case of a statutory
merger or consolidation directly involving the Company, it will likely be necessary to call a stockholders’ meeting and
obtain the approval of the holders of a majority of the outstanding securities. The necessity to obtain such stockholder approval
may result in delay and additional expense in the consummation of any proposed transaction and will also give rise to certain
appraisal rights to dissenting stockholders. Most likely, management will seek to structure any such transaction so as not to
require stockholder approval.

It is anticipated that the investigation of
specific business opportunities and the negotiation, drafting and execution of relevant agreements, disclosure documents and other
instruments will require substantial management time and attention and substantial cost for accountants, attorneys and others.
If a decision is made not to participate in a specific business opportunity, the costs incurred in the related investigation might
not be recoverable.

4

Furthermore, even if an agreement is reached
for the participation in a specific business opportunity, the failure to consummate that transaction may result in the loss to
the Company of the related costs incurred.

We presently have no employees apart from our
management. Our sole officer and director is engaged in outside business activities and anticipate that he will devote to our
business very limited time until the acquisition of a successful business opportunity has been identified. We expect no significant
changes in the number of our employees other than such changes, if any, incident to a business combination.

Item 1A.

Risk
Factors.

As a “smaller reporting company”
as defined by Item 10 of Regulation S-K, the Company is not required to provide this information.

Item 1B.

Unresolved
Staff
Comments.

As a “smaller reporting company”
as defined by Item 10 of Regulation S-K, the Company is not required to provide this information.

Item 2.

Description
of Property.

The Company neither rents nor owns any properties.
The Company utilizes the office space and equipment of its management at no cost. Management estimates such amounts to be immaterial.
The Company currently has no policy with respect to investments or interests in real estate, real estate mortgages or securities
of, or interests in, persons primarily engaged in real estate activities.

Item 3.

Legal
Proceedings.

To the best knowledge of our sole officer and
director, the Company is not a party to any legal proceeding or litigation.

Item 4.

Mine
Safety
Disclosures

Not Applicable.

PART II

Item 5.

Market
for Common
Equity, Related
Stockholder
Matters and
Small Business
Issuer Purchases
of Equity
Securities.

Common Stock

Our Certificate of Incorporation authorizes
the issuance of up to 100,000,000 shares of common stock, par value $.001 per share (the “Common Stock”). The Common
Stock is not listed on a publicly-traded market. As of January 29, 2013, there was one holder of record of the Common Stock.

Preferred Stock

Our Certificate of Incorporation authorizes
the issuance of up to 20,000,000 shares of preferred stock, par value $.001 per share (the “Preferred Stock”). The
Company has not yet issued any of its Preferred Stock.

5

Dividend Policy

The Company has not declared or paid any cash
dividends on its Common Stock and does not intend to declare or pay any cash dividend in the foreseeable future. The payment of
dividends, if any, is within the discretion of the Board of Directors and will depend on the Company’s earnings, if any,
its capital requirements and financial condition and such other factors as the Board of Directors may consider.

Securities Authorized for Issuance under Equity Compensation
Plans

The Company does not have any equity compensation
plans or any individual compensation arrangements with respect to its Common Stock or Preferred Stock. The issuance of any of
our common or preferred stock is within the discretion of our Board of Directors, which has the power to issue any or all of our
authorized but unissued shares without stockholder approval.

Recent Sales of Unregistered Securities

On October 18, 2007, the Company offered and
sold 5,000,000 shares of Common Stock for aggregate proceeds equal to $25,000 to Amir Farrokh Heshmatpour, our sole officer and
director. The Company sold these shares of Common Stock under the exemption from registration provided by Section 4(2) of the
Securities Act. On August 7, 2008, Mr. Heshmatpour contributed his 5,000,000 shares of Common Stock to AFH Holding & Advisory,
LLC where such contribution was deemed an additional capital contribution to AFH Holding & Advisory, LLC.

There were no unregistered sales of equity securities
during the year ended October 31, 2012.

Issuer Purchases of Equity Securities

None.

Item 6.

Selected
Financial
Data.

As a “smaller reporting company”
as defined by Item 10 of Regulation S-K, the Company is not required to provide this information.

Item 7.

Management’s
Discussion and Analysis of Financial
Condition and Results of Operation.

The Company currently does not engage in any
business activities that provide cash flow. During the next twelve months we anticipate incurring costs related to:

(i) filing Exchange Act reports, and

(ii) investigating, analyzing and consummating
an acquisition.

We believe we will be able to meet these costs
through use of funds in our treasury, through deferral of fees by certain service providers and additional amounts, as necessary,
to be loaned to or invested in us by our stockholders, management or other investors.

6

The Company may consider acquiring a business
which has recently commenced operations, is a developing company in need of additional funds for expansion into new products or
markets, is seeking to develop a new product or service, or is an established business which may be experiencing financial or
operating difficulties and is in need of additional capital. In the alternative, a business combination may involve the acquisition
of, or merger with, a company which does not need substantial additional capital but which desires to establish a public trading
market for its shares while avoiding, among other things, the time delays, significant expense, and loss of voting control which
may occur in a public offering.

Any target business that is selected may be
a financially unstable company or an entity in its early stages of development or growth, including entities without established
records of sales or earnings. In that event, we will be subject to numerous risks inherent in the business and operations of financially
unstable and early stage or potential emerging growth companies. In addition, we may effect a business combination with an entity
in an industry characterized by a high level of risk, and, although our management will endeavor to evaluate the risks inherent
in a particular target business, there can be no assurance that we will properly ascertain or assess all significant risks.

The Company anticipates that the selection of
a business combination will be complex and extremely risky. Because of general economic conditions, rapid technological advances
being made in some industries and shortages of available capital, our management believes that there are numerous firms seeking
even the limited additional capital which we will have and/or the perceived benefits of becoming a publicly traded corporation.
Such perceived benefits of becoming a publicly traded corporation include, among other things, facilitating or improving the terms
on which additional equity financing may be obtained, providing liquidity for the principals of and investors in a business, creating
a means for providing incentive stock options or similar benefits to key employees, and offering greater flexibility in structuring
acquisitions, joint ventures and the like through the issuance of stock. Potentially available business combinations may occur
in many different industries and at various stages of development, all of which will make the task of comparative investigation
and analysis of such business opportunities extremely difficult and complex.

Liquidity
and Capital Resources

As of October 31, 2012, the Company had assets
equal to $-0-. This compares with assets of $-0-, comprised of cash and cash equivalents, as of October 31, 2011. The Company’s
current liabilities as of October 31, 2012 totaled $31,379, comprised of accrued expenses and monies due to parent. This compares
with liabilities of $25,748,comprised of accrued expenses and monies due to parent, as of October 31, 2011. The Company can provide
no assurance that it can continue to satisfy its cash requirements for at least the next twelve months.

The following is a summary of the Company’s
cash flows provided by (used in) operating, investing and financing activities for the years ended October 31, 2012, October 31,
2011 and for the cumulative period from October 18, 2007 (Inception) to October 31, 2012.

Fiscal Year
Ended October 31, 2012

Fiscal
Year Ended October 31, 2011

For
the
Cumulative Period
from September 24, 2007 (Inception)
to October 31, 2012

Net Cash (Used in) Operating Activities

$

(5,957

)

$

(3,597

)

$

(51,885

)

Net Cash (Used in) Investing Activities

-

-

-

Net Cash Provided by Financing Activities

$

5,957

$

3,597

$

51,885

Net Increase (Decrease) in Cash and Cash Equivalents

$

-

$

-

$

-

7

The Company has nominal assets and has generated
no revenues since inception. The Company is also dependent upon the receipt of capital investment or other financing to fund its
ongoing operations and to execute its business plan of seeking a combination with a private operating company. In addition, the
Company is dependent upon certain related parties to provide continued funding and capital resources. If continued funding and
capital resources are unavailable at reasonable terms, the Company may not be able to implement its plan of operations.

Results
of Operations

The Company has not conducted any active operations
since inception, except for its efforts to locate suitable acquisition candidates. No revenue has been generated by the Company
from October 18, 2007 (Inception) to October 31, 2012. It is unlikely the Company will have any revenues unless it is able to
effect an acquisition or merger with an operating company, of which there can be no assurance. It is management’s assertion
that these circumstances may hinder the Company’s ability to continue as a going concern. The Company’s plan of operation
for the next twelve months shall be to continue its efforts to locate suitable acquisition candidates.

For the fiscal year ended October 31, 2012,
the Company had a net loss of $5,631, consisting of legal, accounting, audit, other professional service fees and expenses incurred
in relation to the filing of the Company’s Quarterly Report on Form 10-Q for the period ended July 31, 2012 in September
of 2012, Quarterly Report on Form 10-Q for the period ended April 30, 2012 in June of 2012, Quarterly Report on Form 10-Q for
the period ended January 31, 2012 in March of 2012 and the preparation of the Company’s Registration Statement on Form 10-K
in January of 2012.

For the fiscal year ended October 31, 2011,
the Company had a net loss of $4,820, consisting of legal, accounting, audit, other professional service fees and expenses incurred
in relation to the filing of the Company’s Quarterly Report on Form 10-Q for the period ended July 31, 2011 in September
of 2011, Quarterly Report on Form 10-Q for the period ended April 30, 2011 in June of 2011, Quarterly Report on Form 10-Q for
the period ended January 31, 2011 in March of 2011 and Registration Statement on Form 10-SB in February of 2011.

For the period from October 18, 2007 (Inception)
to October 31, 2012, the Company had a net loss of $56,379 comprised exclusively of legal, accounting, audit, other professional
service fees and other organizational costs and expenses incurred in relation to the formation of the Company, the filing of the
Company’s Quarterly Report on Form 10-Q and 10-K from inception and the preparation of the Company’s Registration
Statement on Form 10-K in January of 2009.

Off-Balance
Sheet Arrangements

The Company does not have any off-balance sheet
arrangements that have or are reasonably likely to have a current or future effect on the Company’s financial condition,
changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources
that is material to investors.

Contractual
Obligations

As a “smaller reporting company”
as defined by Item 10 of Regulation S-K, the Company is not required to provide this information.

Item 7A.

Quantitative
and Qualitative Disclosures about
Market Risk.

As a “smaller reporting company”
as defined by Item 10 of Regulation S-K, the Company is not required to provide this information.

We
have audited the accompanying balance sheets of AFH Acquisition IX, Inc. (the Company) as of October 31, 2012 and 2011, and the
related statements of operations, changes in stockholder's deficit, and cash flows for each of the years in the two-year period
ended October 31, 2012 and for the period since inception (October 18, 2007) through October 31, 2012. AFH Acquisition IX, Inc.’s
management is responsible for these financial statements. Our responsibility is to express an opinion on these financial statements
based on our audits.

We
conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those
standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are
free of material misstatement. The company is not required to have, nor were we engaged to perform, an audit of its internal control
over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing
audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness
of the company’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes
examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting
principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.

In
our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of AFH
Acquisition IX, Inc. as of October 31, 2012 and 2011, and the results of its operations and its cash flows for each of the years
in the two-year period ended October 31, 2012 and for the period since inception (October 18, 2007) through October 31, 2012 in
conformity with accounting principles generally accepted in the United States of America.

The
accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed
in Note D to the financial statements, These conditions raise substantial doubt about its ability to continue as a going concern.
The financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts
or the amount and classification of liabilities that might result should the Company be unable to continue as a going concern.

The accompanying notes
are an integral part of these financial statements.

F-2

AFH ACQUISITION IX, INC.

(A DEVELOPMENT STAGE COMPANY)

(A DELAWARE CORPORATION)

Beverly Hills, CA

STATEMENTS OF CHANGES IN STOCKHOLDER’S DEFICIT FOR THE PERIOD FROM

DATE
OF INCEPTION (OCTOBER 18, 2007) THROUGH OCTOBER 31, 2012

Deficit

Accumulated

Common
Stock

Additional

Stock

During

Total

Number

Paid-In

Subscription

Development

Stockholder’s

of
Shares

Value

Capital

Receivable

Stage

Deficit

Balance - October 18, 2007

—

$

—

$

—

$

—

$

—

$

—

Common Stock
Issued for Cash

5,000,000

5,000

20,000

(12,900

)

—

12,100

Net Loss for the
Period

—

—

—

—

(21,823

)

(21,823

)

Balance - October 31, 2007

5,000,000

5,000

20,000

(12,900

)

(21,823

)

(9,723

)

Cash Received for Stock Subscriptions

—

—

—

12,900

—

12,900

Net Loss for the
Period

—

—

—

—

(12,632

)

(12,632

)

Balance - October 31, 2008

5,000,000

5,000

20,000

—

(34,455

)

(9,455

)

Net Loss for the
Period

—

—

—

—

(7,838

)

(7,838

)

Balance - October 31, 2009

5,000,000

5,000

20,000

—

(42,293

)

(17,293

)

Net Loss for the
Period

—

—

—

—

(3,635

)

(3,635

)

Balance - October 31, 2010

5,000,000

5,000

20,000

—

(45,928

)

(20,928

)

Net Loss for the
Period

—

—

—

—

(4,820

)

(4,820

)

Balance - October 31, 2011

5,000,000

5,000

20,000

—

(50,748

)

(25,748

)

Net Loss for the
Period

—

—

—

—

(5,631

)

(5,631

)

Balance - October 31, 2012

5,000,000

$

5,000

$

20,000

$

—

$

(56,379

)

$

(31,379

)

The accompanying notes
are an integral part of these financial statements.

F-3

AFH ACQUISITION IX, INC.

(A DEVELOPMENT STAGE COMPANY)

(A DELAWARE CORPORATION)

Beverly Hills, CA

STATEMENT OF OPERATIONS FOR THE YEARS ENDED OCTOBER 31, 2012 AND 2011 AND FOR

THE
PERIOD FROM DATE OF INCEPTION (OCTOBER 18, 2007) THROUGH OCTOBER 31, 2012

Period
From

Date
of Inception

For
the Years Ended

(October
18, 2007)

October
31,

Through

2012

2011

October
31, 2012

Revenues

$

—

$

—

$

—

Expenses

Consulting

$

—

$

—

$

1,712

Interest

—

—

15

Legal and Professional

5,231

4,420

51,483

Office Expenses

—

—

798

Organizational Costs

—

—

671

Rent

—

—

700

Total Expenses

$

5,231

$

4,420

$

55,379

Net Loss for
the Period Before Taxes

$

(5,231

)

$

(4,420

)

$

(55,379

)

Franchise Tax

400

400

1,000

Net Loss for
the Period After Taxes

$

(5,631

)

$

(4,820

)

$

(56,379

)

Loss per Share
- Basic and Diluted

$

(0.00

)

$

(0.00

)

$

(0.01

)

Weighted Average Common Shares Outstanding

5,000,000

5,000,000

5,000,000

The accompanying notes
are an integral part of these financial statements.

F-4

AFH ACQUISITION IX, INC.

(A DEVELOPMENT STAGE COMPANY)

(A DELAWARE CORPORATION)

Beverly Hills, CA

STATEMENT OF CASH FLOWS FOR THE YEARS ENDED OCTOBER 31, 2012 AND 2011 AND FOR THE PERIOD

FROM
DATE OF INCEPTION (OCTOBER 18, 2007) THROUGH OCTOBER 31, 2012

Period
From

Date
of Inception

For
the Years Ended

(October
18, 2007)

October
31,

Through

2012

2011

October
31, 2012

Cash Flows from Operating
Activities

Net Loss for
the Period

$

(5,631

)

$

(4,820

)

$

(56,379

)

Changes in Assets
and Liabilities:

Prepaid Expenses

—

—

—

Accrued Expenses

(326

)

1,223

4,494

Net Cash Flows from
Operating Activities

(5,957

)

(3,597

)

(51,885

)

Net Cash Flows from
Investing Activities

—

—

—

Cash Flows from Financing
Activities

Cash Advance by (Repayment
to) Parent

5,957

3,597

26,885

Cash Proceeds from Stock
Subscriptions

—

—

12,900

Cash Proceeds from Sale
of Stock

—

—

12,100

Net Cash Flows from
Financing Activities

5,957

3,597

51,885

Net Change in Cash and
Cash Equivalents

—

—

—

Cash and Cash Equivalents
- Beginning of Period

—

—

—

Cash and Cash
Equivalents - End of Period

$

—

$

—

$

—

Cash Paid During the
Period for:

Interest

$

—

$

—

$

—

Income Taxes

$

—

$

—

$

—

The accompanying notes
are an integral part of these financial statements.

F-5

AFH
ACQUISITION IX, INC.

(A Development Stage
Company)

(A
DELAWARE Corporation)

Beverly Hills, CA

NOTES
TO FINANCIAL STATEMENTS

Note A

-

The
Company

AFH Acquisition IX,
Inc., a development stage company (the “Company”), was incorporated under the laws of the State of Delaware on
October 18, 2007. The Company is 100% owned by AFH Holding & Advisory, LLC (the “Parent”). The
financial statements presented represent only those transactions of AFH Acquisition IX, Inc. The Company is looking
to acquire an existing company or acquire the technology to begin operations.

As a blank check company,
the Company’s business is to pursue a business combination through acquisition, or merger with, an existing company.
As of the date of the financial statements, the Company is not conducting negotiations with any target business. No assurances
can be given that the Company will be successful in locating or negotiating with any target company.

Since inception, the
Company has been engaged in organizational efforts.

Note B

-

Summary
of Significant Accounting Policies

Method of Accounting

The
Company maintains its books and prepares its financial statements on the accrual basis of accounting.

- continued -

F-6

AFH
ACQUISITION IX, INC.

(A Development Stage
Company)

(A
DELAWARE Corporation)

Beverly Hills, CA

NOTES TO FINANCIAL STATEMENTS

Note B

-

Summary
of Significant Accounting Policies – continued

Development Stage

The Company has operated
as a development stage enterprise since its inception by devoting substantially all of its efforts to financial planning,
raising capital, research and development, and developing markets for its services. The Company prepares its financial
statements in accordance with the requirements of FASB ASC 915.

Cash and Cash Equivalents

Cash and cash equivalents
include time deposits, certificates of deposit, and all highly liquid debt instruments with original maturities of three months
or less. The Company maintains cash and cash equivalents at financial institutions, which periodically may exceed federally
insured amounts.

Loss Per Common
Share

Loss
per common share is computed in accordance with FASB ASC 260-10, by dividing income (loss) available to common stockholders
by weighted average number of common shares outstanding for each period

Use of Estimates

The preparation of financial
statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date
of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results
can differ from those estimates.

Organizational
Costs

Organizational costs
represent management, consulting, legal, accounting, and filing fees incurred to date in the formation of the company.
Organizational costs are expensed as incurred in accordance with FASB ASC 720-15.

Income Taxes

The Company accounts
for income taxes in accordance with FASB ASC 740-10, using the asset and liability approach, which requires recognition of
deferred tax liabilities and assets for the expected future tax consequences of temporary differences between the carrying
amounts and the tax basis of such assets and liabilities. This method utilizes enacted statutory tax rates in effect
for the year in which the temporary differences are expected to reverse and gives immediate effect to changes in income tax
rates upon enactment. Deferred tax assets are recognized, net of any valuation allowance, for temporary differences
and net operating loss and tax credit carry forwards. Deferred income tax expense represents the change in net deferred
assets and liability balances.

F-7

AFH ACQUISITION IX,
INC.

(A Development Stage
Company)

(A
DELAWARE Corporation)

Beverly Hills, CA

NOTES TO FINANCIAL STATEMENTS

Note B

-

Summary
of Significant Accounting Policies
– continued

Financial Instruments

The Company’s
financial instruments consist of cash and due to parent. Unless otherwise noted, it is management’s opinion that the
Company is not exposed to significant interest, currency or credit risks arising from these financial instruments. The
fair value of these financial instruments approximates their carrying value, unless otherwise noted.

Recent Pronouncements

The
Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s
results of operations, financial position, or cash flow.

Note C

-

Equity Securities

Holders of shares of
common stock shall be entitled to cast one vote for each common share held at all stockholder’s meetings for all purposes,
including the election of directors. The common stock does not have cumulative voting rights.

The preferred stock
of the Company shall be issued by the Board of Directors of the Company in one or more classes or one or more series within
any class and such classes or series shall have such voting powers, full or limited, or no voting powers, and such designations,
preferences, limitations or restrictions as the Board of Directors of the Company may determine, from time to time.

No
holder of shares of stock of any class shall be entitled as a matter of right to subscribe for or purchase or receive any
part of any new or additional issue of shares of stock of any class, or of securities convertible into shares of stock or
any class, whether now hereafter authorized or whether issued for money, for consideration other than money, or by way of
dividend.

Note D

-

Going Concern

The Company’s
financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets
and the satisfaction of liabilities in the normal course of business. The Company has reported recurring losses from operations.
As a result, there is an accumulated deficit of $56,379 at October 31, 2012.

The Company’s
continued existence is dependent upon its ability to raise capital or acquire a marketable company. The financial statements
do not include any adjustments that might be necessary should the Company be unable to continue as a going concern.

F-8

AFH ACQUISITION
IX, INC.

(A Development
Stage Company)

(A
DELAWARE Corporation)

Beverly Hills, CA

NOTES TO FINANCIAL STATEMENTS

Note E

-

Due
to Parent

Due to parent represents
cash advances from AFH Holding & Advisory LLC. AFH Holding & Advisory LLC is the sole shareholder of the Company.
There are no repayment terms.

F-9

Item 9A.

Controls
and Procedures.

Evaluation of Disclosure Controls and Procedures

The Company’s management is responsible
for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange
Act) that is designed to ensure that information required to be disclosed by the Company in the reports that the Company files
or submits under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s
rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that
information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated
and communicated to the issuer’s management, including its principal executive officer or officers and principal financial
officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

In accordance with Exchange Act Rules 13a-15,
an evaluation was completed under the supervision and with the participation of the Company’s management, including the
Company’s President, Principal Executive Officer and Principal Financial Officer, of the effectiveness of the design and
operation of the Company’s disclosure controls and procedures as of the end of the period covered by this Annual Report.
Based on that evaluation, the Company’s President, Principal Executive Officer and Principal Financial Officer concluded
that the Company’s disclosure controls and procedures were effective in providing reasonable assurance that information
required to be disclosed in the Company’s reports filed or submitted under the Exchange Act was recorded, processed, summarized,
and reported within the time periods specified in the Commission’s rules and forms.

Evaluation of Internal Controls over Financial
Reporting

The management of AFH Acquisition IX, Inc. is
responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Rules
13a-15(f) of the Securities Exchange Act of 1934, as amended. Internal control over financial reporting is a process designed
to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for
external purposes in accordance with generally accepted accounting principles. These internal controls include policies and procedures
that:

●

Pertain to the maintenance of
records that in reasonable detail accurately and fairly reflect the transactions and dispositions of assets;

●

Provide reasonable assurance
that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted
accounting principles;

●

Provide reasonable assurance
that receipts and expenditures are being made only in accordance with the authorization of our management and directors; and

●

Provide reasonable assurance
that unauthorized acquisition, use or disposition of company assets that would have a material impact on financial statements
will be prevented or detected on a timely basis.

11

Because of its inherent limitations, internal
control over financial reporting is not intended to provide absolute assurance that a misstatement of our financial statements
would be prevented or detected.

Management conducted an evaluation of the effectiveness
of internal control over financial reporting based on the framework in Internal Control — Integrated Framework issued by
the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Based on this evaluation, management concluded that
internal control over financial reporting was effective as of October 31, 2012.

This annual report does not include a report
from the Company’s registered public accounting firm regarding internal control over financial reporting due to the permanent
exemption established by the Securities and Exchange Commission for public companies designated as small filers.

Changes in Internal Controls over Financial Reporting

There have been no significant changes in the
Company’s internal controls over financial reporting during the quarter ended October 31, 2012 that have materially affected,
or are reasonable likely to materially affect, the Company’s internal control over financial reporting.

Item 9B.

Other
Information.

None.

PART III

Item 10.

Directors,
Executive Officers, Promoters
and Control Persons; Compliance
With Section 16(a) of the Exchange
Act.

The Company’s officers and directors are
elected annually for a one year term or until their respective successors are duly elected and qualified or until their earlier
resignation or removal.

Amir
Farrokh Heshmatpour has served as the Company’s President, Secretary and sole director since inception. Mr. Heshmatpour
has been the Managing Director of AFH Holding & Advisory LLC from July 2003 to the present. Prior to that, he took some time
off. From 1996 through January 2002, Mr. Heshmatpour served as Chairman and Chief Executive Officer of Metrophone Telecommunications,
Inc. Mr. Heshmatpour has a background in venture capital, mergers and acquisitions, investing and corporate finance. Mr. Heshmatpour
was the recipient of the Businessman of the Year award in 2003 at the National Republican Congressional Committee. From September
2007 until January 2011, Mr. Heshmatpour served as President, Secretary, CFO and director of AFH Acquisition III, Inc. which completed
a merger with Targeted Medical Pharma, Inc. in January 2011. From September 2007 until April 2011, Mr. Heshmatpour served as President,
Secretary, CFO and director of AFH Acquisition IV, Inc. which completed a merger with Emmaus Medical, Inc in April 2011. Mr. Heshmatpour
continues to serve as a director and the corporation changed its name to Emmaus Life Sciences, Inc. Mr. Heshmatpour currently
serves as sole officer and director of AFH Acquisition V, Inc., AFH Acquisition VI, Inc., and AFH Acquisition VII, Inc., AFH Acquisition
VIII, Inc, AFH Acquisition, X, Inc., AFH Acquisition XI, Inc. and AFH Acquisition XII, Inc., all of which are publicly reporting,
non-trading, blank check shell companies. Since October 10, 2007 Mr. Heshmatpour has served as President, Secretary and a member
of the board of directors of AFH Holding I, Inc. and AFH Holding II, Inc. Since inception, Mr. Heshmatpour has served as President,
Secretary and sole director of AFH Holding III, Inc., AFH Holding IV, Inc., AFH Holding V, Inc., AFH Holding VI, Inc. and AFH
Holding VII, Inc. Mr. Heshmatpour attended Pennsylvania State University from 1985 to 1988, and in 2010 he completed the UCLA
Anderson Director Education & Certification Program.

12

(b) Significant Employees.

As of the date hereof, the Company has no significant
employees.

(c) Family Relationships.

There are no family relationships among directors,
executive officers, or persons nominated or chosen by the issuer to become directors or executive officers.

(d) Involvement in Certain Legal Proceedings.

There have been no events under any bankruptcy
act, no criminal proceedings and no judgments, injunctions, orders or decrees material to the evaluation of the ability and integrity
of any director, executive officer, promoter or control person of Registrant during the past five years.

Compliance with Section 16(a) of the Exchange Act

Section 16(a) of the Exchange Act requires the
Company’s directors and officers, and persons who beneficially own more than 10% of a registered class of the Company’s
equity securities, to file reports of beneficial ownership and changes in beneficial ownership of the Company’s securities
with the SEC on Forms 3, 4 and 5. Officers, directors and greater than 10% stockholders are required by SEC regulation to furnish
the Company with copies of all Section 16(a) forms they file.

Based solely on the Company’s review of
the copies of the forms received by it during the fiscal year ended October 31, 2012, and written representations that no other
reports were required, the Company believes that no person who, at any time during such fiscal year, was a director, officer or
beneficial owner of more than 10% of the Company’s common stock failed to comply with all Section 16(a) filing requirements
during such fiscal years.

Code of Ethics

We have not adopted a Code of Business Conduct
and Ethics that applies to our principal executive officer, principal financial officer, principal accounting officer or controller,
or persons performing similar functions in that our sole officer and director serve in these capacities.

Nominating Committee

We have not adopted any procedures by which
security holders may recommend nominees to our Board of Directors.

13

Audit Committee

The Board of Directors acts as the audit committee.
On August 1, 2009, AFH Holding & Advisory, the parent of Company, hired a Controller (who is also a CPA) to oversee the Company
and AFH Holding’s other shell subsidiaries. The Controller’s duties include reconciling banking statements and records,
journal entries, overall accounting for the Company, preparation of the Company’s interim financial statements and assisting
the Company’s independent auditors with their year audit of the Company’s financial statements. The Controller’s
work is overseen by Mr. Amir F. Heshmatpour, President, Secretary and Sole Director of the Company and the Principal Executive
Officer and Principal Financial Officer of the Company. Prior to AFH Holding and Advisory hiring the Controller, there was no
qualified financial expert.

Item 11.

Executive
Compensation.

The following table sets forth the cash compensation
paid by the Company to its President and all other executive officers who earned annual compensation exceeding $100,000 for services
rendered during the fiscal years ended October 31, 2012 and 2011.

Name
and Position

Year

Other
Compensation

Amir
F. Heshmatpour,

President, Secretary, Chief Financial Officer and Director

2012

2011

None

None

Director Compensation

We do not currently pay any cash fees to our
directors, nor do we pay directors’ expenses in attending board meetings.

(a) The following tables set forth certain information
as of January 29, 2013, regarding (i) each person known by the Company to be the beneficial owner of more than 5% of the outstanding
shares of Common Stock, (ii) each director, nominee and executive officer of the Company and (iii) all officers and directors
as a group.

Amir F. Heshmatpour serves
as the sole officer and director of the Company.

(2)

Represents 5,000,000 shares of Common
Stock owned by AFH Holding & Advisory LLC (“AFH Holding”). Mr. Heshmatpour is the sole member of AFH Holding
and has sole voting and investment control over the shares of Common Stock owned of record by AFH Holding. Accordingly, he
may be deemed a beneficial owner of the 5,000,000 shares of Common Stock owned by AFH Holding.

(b) The Company currently has not authorized
any compensation plans or individual compensation arrangements.

14

Item 13.

Certain
Relationships and Related
Transactions.

Except as otherwise indicated herein, there
have been no related party transactions, or any other transactions or relationships required to be disclosed pursuant to Item
404 of Regulation S-K.

The aggregate fees billed to the Company by
EFP Rotenberg, for professional services rendered for the audit of our annual financial statements and review of financial statements
included in our quarterly reports on Form 10-Q or services that are normally provided in connection with statutory and regulatory
filings were $2,500 for the fiscal year ended October 31, 2012 and $2,500 for the fiscal year ended October 31, 2011.

Audit-Related Fees

There were no fees billed to the Company by
EFP Rotenberg for assurance and related services that are reasonably related to the performance of the audit or review of the
Company’s financial statements for the fiscal years ended October 31, 2012 and 2011.

Tax Fees

There were no fees billed to the Company by
EFP Rotenberg for professional services for tax compliance, tax advice, and tax planning for the fiscal years ended October 31,
2012 and 2011.

PART IV

All Other Fees

There were no fees billed to the Company by
EFP Rotenberg for other products and services for the fiscal years ended October 31, 2012 and 2011.

Audit Committee’s Pre-Approval Process

The Board of Directors acts as the audit committee
of the Company, and accordingly, all services are approved by all the members of the Board of Directors.

15

Item 15.

Exhibits,
Financial Statement Schedules.

(a) We set forth below a list of our audited
financial statements included in Item 8 of this annual report on Form 10-K.

Statement

Page*

Report
of Independent Registered Public Accounting Firm

F-1

Balance
Sheets at October 31, 2012 and 2011

F-2

Statements
of Changes in Stockholder’s Deficit for the Period from Date of Inception (October 18, 2007) through October 31, 2012

F-3

Statements
of Operations for the Years Ended October 31, 2012 and 2011 and for the Period from Date of Inception (October 18, 2007) through
October 31, 2012

F-4

Statements
of Cash Flows for the Years Ended October 31, 2012 and 2011 and for the Period from December of Inception (October 18, 2007)
through October 31, 2012

F-5

Notes
to Financial Statements

F-6 - F-9

*Page F-1 follows page 7 to this annual report on Form 10-K.

(b)
Index to Exhibits required by Item 601 of Regulation S-K.

Exhibit

Description

*3.1

Certificate of Incorporation

*3.2

By-laws

31.1

Certification
of the Company’s Principal Executive and Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002,
with respect to the registrant’s Annual Report on Form 10-K for the year ended October 31, 2012

32.1

Certification
of the Company’s Principal Executive and Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to
Section 906 of the Sarbanes Oxley Act of 2002

101.INS**

XBRL Instance Document

101.SCH**

XBRL Taxonomy Extension Schema Document

101.CAL**

XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF**

XBRL Taxonomy Extension Definition Linkbase Document

101.LAB**

XBRL Taxonomy Extension Label Linkbase Document

101.PRE**

XBRL Taxonomy Extension Presentation Linkbase Document

*

Filed as an exhibit to the Company’s
registration statement on Form 10-SB, as filed with the Securities and Exchange Commission on February 1, 2008 and incorporated
herein by this reference.

**

Filed Herewith.

16

SIGNATURES

In accordance with Section 13 or 15(d) of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

AFH ACQUISITION IX, INC.

Dated: January 29, 2013

By:

/s/
Amir F. Heshmatpour

Amir F. Heshmatpour

President and Director

Principal Executive Officer

Principal Financial Officer

Principal Accounting Officer

In accordance with Section 13 or 15(d) of the Securities Exchange
Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and
on the dates indicated.

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